Codere Online Q2 net loss narrows to EUR 1.4 million; revenue rises 25% to EUR 64.4 million on-year
CDRO•Full-year outlook raised
Codere Online raised its FY 2026 net gaming revenue outlook to EUR 255-265 million; it lifted adjusted EBITDA (non-IFRS) forecast to EUR 20-25 million, citing World Cup-driven activity.
Mexico and Spain drive growth
Mexico net gaming revenue increased 24% to EUR 36.1 million; Spain net gaming revenue rose 25% to EUR 27.6 million.
First-half results and balance sheet
H1 2026 net income (IFRS) swung to a profit of EUR 5.6 million; cash totaled EUR 62.6 million with no financial debt at June 30.
Q2 revenue and profitability improve
Codere Online posted Q2 2026 revenue of EUR 64.4 million, up 25% from Q2 2025; net gaming revenue climbed 27% to EUR 69.4 million.
Adjusted EBITDA (non-IFRS) more than doubled to ; average monthly active players rose to .
